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India’s Solar PV Capacity Soars from 2.3 GW to 67 GW in 10 Years – EQ

India’s Solar PV Capacity Soars from 2.3 GW to 67 GW in 10 Years – EQ

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In Short : India’s solar photovoltaic (PV) capacity has surged from 2.3 GW to an impressive 67 GW in just 10 years. This rapid growth highlights India’s commitment to renewable energy, driven by initiatives like the National Solar Mission and “Make in India.” The expansion of solar power capacity is crucial to India’s efforts in meeting its clean energy targets and reducing carbon emissions.

In Detail : The Ministry of Renewable Energy announced that India’s solar PV module manufacturing capacity has skyrocketed from 2.3 GW to 67 GW over the past decade, driven by initiatives under the “Make In India” program. Currently, 48 GW of fully or partially integrated solar PV manufacturing projects are underway, supported by the Solar PLI scheme.

Union Minister for New and Renewable Energy Pralhad Joshi emphasised the government’s commitment to making India a global leader in clean energy, stating, “India’s renewable energy sector has contributed immensely to #10YearsOfMakeInIndia. We are providing comprehensive support, from PLI to VGF, to bolster domestic industries.”

The ministry highlighted the government’s focus on incentivising domestic manufacturing in the renewable energy sector, particularly solar PV modules, cells, and components like ingots and wafers. The Rs. 24,000 crore PLI Scheme, along with policies like basic customs duties and domestic content requirements, underlines the government’s aim to make India self-reliant in solar PV manufacturing.

Since 2014, the nation’s solar PV production capacity has surged from 8 GW in 2021 to 67 GW in just 3.5 years. The ongoing projects under the Solar PLI scheme are expected to bring in Rs. 1.1 lakh crore in investments and generate employment for 45,000 people.

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Anand Gupta Editor - EQ Int'l Media Network